Hartford 4Q Profit $620M, A Quarterly Record
NU Online News Service, Jan. 27, 12:14 p.m. EST
For full-year 2004, the Hartford, Conn.-based carrier posted a record net income of $2.1 billion?rebounding from a net loss of $91 million during 2003, which was hurt by a first-quarter $1.7 billion after-tax reserve for asbestos claims.
For the 2004 fourth quarter, The Hartford's property-casualty operations reported "its most profitable quarter ever," with operating income of $331 million even with a moderating p-c cycle, said Ramani Ayer, chairman and chief executive officer of The Hartford.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.